Mortgage Rate Update

Rates remain relatively the same as last week, but there seems some pressure for rate improvement by the end of the day or tomorrow.  In the meantime, looking back at August transactions in Santa Fe (county) for SFR, condos and townhomes, we are seeing a slight improvement over last year’s numbers, not only in terms of number of transactions, but also the average transaction size.  Cautiously optimistic, we look forward to a slow and perhaps steady improvement in the Santa Fe real estate market.  Trulia also reported that the Albuquerque market has seen growth in buyer interest and closed sales – Trulia ranked Albuquerque as a (tied) 9th placement in “10 cities with fast-growing buyer interest”.

 Ginger Sullivan

Anasazi Mortgage